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 Short-seller Chanos on China: 'It's worse than you think'

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Short-seller Chanos on China: 'It's worse than you think' Vide
PostSubject: Short-seller Chanos on China: 'It's worse than you think'   Short-seller Chanos on China: 'It's worse than you think' Icon_minitimeSat Aug 22, 2015 9:02 pm
Lingering concerns about China have helped drive stock selling, but investors may still underestimate how much the world's second-largest economy has slowed, short seller Jim Chanos said Friday.

Short-seller Chanos on China: 'It's worse than you think' T?s=%5Edji&lang=en-AU&region=AU

"It's worse than you think. Whatever you might think, it's worse," he said.

Chanos, of Kynikos Associates, appeared on CNBC's "Fast Money: Halftime Report" on Friday amid the fourth straight day of losses for major U.S. averages. The Dow Jones industrial average (Dow Jones Global Indexes: .DJI), S&P 500 (^GSPC) and Nasdaq (^IXIC) were setting up for their worst weeks since 2011.

He did not classify the drop as a correction or a bear market. But he noted that the yearslong runup in U.S. stocks shows "we've gotten a little complacent."

China's slowdown, among other macroeconomic concerns, has spooked global investors. Beijing's handling of a stock market spike, "panic responses" from investors and recent currency devaluation has "given investors pause," Chanos added.

https://au.finance.yahoo.com/news/short-seller-chanos-china-worse-160745836.html
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Short-seller Chanos on China: 'It's worse than you think' PgkowJT
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